|Date: 16 July 2019||Published by: IBN|
With a strategic geographical location, excellent living environment and favourable government policies, Malaysia is able to strengthen its relation with its neighbouring countries through import and export of products and services, investment, etc.
As the bridgehead to the Belt and Road Initiative (BRI), China is lending a helping hand to help create sustainable developments in Malaysia and spur economic growth.
After Tun Dr Mahathir came into power as Malaysia’s 8th Prime Minister, the newly elected government has managed to boost the local economy and the GDP is forecast to grow at approximately 5% despite challenging times.
In terms of GDP per capita, Malaysia has recorded a total of USD 11,200, which is slightly higher than China with GDP per capita of USD 9,800 (difference of USD 1,400).
China is Malaysia’s largest trading partner for ten consecutive years since 2009. The total trade volume between Malaysia and China hits a record high of USD 80 billion in 2018, a sign of healthy overall relations between the two countries.
Moving forward in 2019, both countries plan to continue to boost bilateral trades and enhance their economy. With a series of good news and excellent investment climate, Malaysia will be able to garner more interests for China investors.
|February||According to a news article, Li Ka-Shing will invest RMB 20 billion to develop world’s largest ship-to-ship (STS) oil and gas centre in Malaysia|
|March||Sin Chew Daily reported that the East Coast Rail Link (ECRL) project will proceed with reduced construction cost|
|April||Malaysian Prime Minister Tun Dr Mahathir announced the revival of Bandar Malaysia project|
|April||Chinese President Xi Jinping meets Malaysian Prime Minister Tun Dr Mahathir to solidify cooperation under Belt and Road Initiative|
|April||Malaysian Prime Minister Tun Dr Mahathir contributes to the USD 64 billion deals signed during the second Belt and Road Forum. The forum was held from 24 to 28 April.|
|May||During his meeting with the SME Association of Malaysia, the new Chairman of MIDA Dato' Abdul Majid Ahmad Khan states that Malaysia highly values the investments from Chinese companies.|
International Monetary Fund (IMF) has named Malaysia as the next emerging developed country in Asia with a very positive regional economic outlook. The Global House Price Index has listed Malaysia as top 3 in terms of capital appreciation for properties with a rental return of 6% to 8% per annum. It is far higher than that of China at 2.66%, Hong Kong at 3.23% and Singapore at 2.93%.
The Chinese are confident to invest in Malaysia because it is a bridgehead for Belt and Road Initiative and one of China’s largest trading partner in Southeast Asia. The country offers excellent education opportunities and healthcare systems, no language barrier as Chinese culture and language is deeply rooted in the society and MM2H programme that allows them to stay in Malaysia freely while keeping their own nationality.
|1.||Malaysia has an ideal geographical location blessed with a plethora of natural resources and it is protected from natural disasters, which makes the country a prime choice for tourists.|
|2.||Malaysia is the first ASEAN country to establish diplomatic relations with China. The China-Malaysia friendly relation continues to grow.|
|3.||Malaysia is a semi-developed country with GDP per capita of USD 10,000, which is higher than that of China.|
|4.||Chinese makes up 1/4 of Malaysia’s population and they speak Mandarin Chinese and practice Chinese culture.|
|5.||Malaysia is rated as the Best Country for Healthcare for 5 consecutive years by the International Living Magazine and it provides very cost-effective medical services.|
|6.||Malaysia is ranked third in Asia in terms of educational strength. It adopts British Commonwealth education system and offers plenty of education opportunities for students to study locally or abroad.|
|7.||According to Hurun Global House Price Index 2018, Malaysia has a return on real estate investment of 13.6%, placing first within Asia.|
|8.||Kuala Lumpur is rated as an Alpha World City. Since 2010, the house price in Kuala Lumpur continued to rise at 9.7% per annum. It is ranked top 10 in the world in terms of growth rate.|
|9.||MM2H Programme is available for foreigners from all around the world, in which successful application on the programme will grant the applicants and their next of kin a multiple-entry visa that allows them to stay in Malaysia.|
|10.||According to CEOWORLD, Malaysia is ranked as the World's Best Country To Invest In Or Do Business For 2019|
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